Ciena Corp (CIEN)
Number of days of payables
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.84 | 7.89 | 6.11 | 5.19 | 4.62 | 4.02 | 4.78 | 5.91 | 6.32 | 5.33 | 5.83 | 6.29 | 7.35 | 6.41 | 6.45 | 6.30 | 5.17 | 5.43 | 6.17 | 8.23 | |
| Number of days of payables | days | 46.56 | 46.26 | 59.74 | 70.27 | 78.93 | 90.89 | 76.37 | 61.78 | 57.76 | 68.47 | 62.60 | 58.01 | 49.69 | 56.91 | 56.63 | 57.96 | 70.65 | 67.23 | 59.19 | 44.37 |
January 27, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.84
= 46.56
Based on the data provided, CIENA Corp.'s number of days of payables has shown fluctuations over the past eight quarters. In Q1 2024, the company had 46.56 days of payables, indicating that on average, it takes CIENA approximately 46.56 days to pay its trade payables.
Comparing this with previous quarters, the number of days of payables has been relatively stable in the recent quarters, with Q4 2023 and Q3 2023 showing similar figures of 46.26 days and 59.74 days, respectively. However, there was a notable increase in the number of days of payables in Q2 2023, reaching 70.27 days, which then peaked at 78.93 days in Q1 2023.
The trend observed in the data suggests that CIENA Corp. managed to reduce its payables period from Q1 2023 to the most recent quarter, Q1 2024. This trend indicates that the company has been more efficient in managing its payables, potentially improving its working capital management. Overall, the decreasing trend observed over the quarters may indicate that CIENA has been able to optimize its payment processes or negotiate better terms with its suppliers, which could positively impact its cash flow and liquidity position.
Peer comparison
Jan 27, 2024